Invoice Factoring For Maintenance Companies
Most commercial and government customers pay their invoices up to 75 days after being invoiced. While this is a common business practice it can cause cash flow problems for maintenance companies that are not well capitalized. Most maintenance companies have obligations that need to be paid sooner and they just can’t afford to wait that long for customers to pay. For example, payroll must be met on a weekly or biweekly basis. Also, supplies have to be bought on a regular basis. This cash flow situation can worsen if the company is growing as it runs the risk of running out of money to cover operational expenses. Invoice factoring is the perfect cash flow solution.
Invoice factoring accelerates the revenues that are due from your slow paying commercial customers. GMA Factor advances money using your invoices from strong customers as collateral. Factoring provides the funds your company needs to meet ongoing obligations enabling you to focus on growing your business.
GMA Factor does not sign you on to any long-term contracts. Get started immediately by filling out the quick application on the right-hand side of this page or go to our online or downloadable application.